by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
A. assets B. capital C. liabilities D. drawings Correct Answer: Option A – assets Explanation Assets are the resources or properties of a business organization e.g. land and building, premises, motor van etc. It is calculated as Asset =Capital +...
by Sunday | Jan 6 | Accounting WAEC
A. decrease in net profit B. increase in net profit C. decrease in gross profit D. increase in gross profit Correct Answer: Option A – decrease in net profit Explanation Increase in provision for doubtful debt occurs when the current year’s provision for...
by Sunday | Jan 6 | Accounting WAEC
A. debenture B. stock C. premium D. share Correct Answer: Option D – share Explanation Share can be defined as a unit of capital of a company allocated to an individual. It is the interest of the shareholder in the company mesured by in terms of money for...
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